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Cray reports $54.5 million loss, plans layoff in Chippewa Falls

Large backorders and new product pipeline provide positive outlook

CHIPPEWA FALLS, Wis. Supercomputer manufacturer Cray Inc. plans to lay off workers at its Chippewa Falls plant in reaction to a second-quarter loss. However, the company has a recorded a significant increased order backlog of $126 million, an increase from its projections of $51 million and up from $75 million in t......

Full article >>> in part due to the delayed development of three new Cray products because of difficulty procuring certain components. Consequently, these products validation and subsequent introduction has been pushed back from the third quarter to the fourth of this year.

We have suppliers and if they dont come in on a timely fashion we cant validate the design and introduce [the product] as quickly as ......

Full article >>> ut Cray bringing this architecture back to the forefront of supercomputing."

Additionally, the company has reported that Beta shipments of the Cray XD1 product (acquired via the OctigaBay acquisition) have begun and the company expects modest revenue from the new product line to begin this quarter. Its next generation vector product, the Cray X1E, is expected to generate revenue in the fi......

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Source:wistechnology.com By Kristin V. Johnson and Mike Klein 08/02/04


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